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Countries that will see biggest decline in debt

There are many governments that are struggling to bring down their debt, stabilise their currency and boost their economy.

Let's take a look at some countries that are projected to see biggest drop in debt relative to gross domestic product.

Source: Bloomberg Visual Data

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Countries that will see biggest decline in debt

Greece

Government debt as a percentage of GDP (2013): 175.7 per cent (estimated)

Government debt as a percentage of GDP (2018): 142.6 per cent (estimated)

Estimated percentage-point change (2013-2018): Minus 33.1 per cent

Overall rank in drop in debt relative to GDP: 1

Greece, which has a gross domestic product of $286 billion, is projected to see its debt fall to 142.6 per cent of GDP.

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Countries that will see biggest decline in debt

Ireland

Government debt as a percentage of GDP (2013): 109.8 per cent (estimated)

Government debt as a percentage of GDP (2018): 123.3 per cent (estimated)

Estimated percentage-point change (2013-2018): Minus 13.5 per cent

Overall rank in drop in debt relative to GDP: 2

Ireland, which has a gross domestic product of $192.22 billion, is projected to see its debt fall to 123.3 per cent of GDP.

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Countries that will see biggest decline in debt

Singapore

Government debt as a percentage of GDP (2013): 97.3 per cent (estimated)

Government debt as a percentage of GDP (2018): 107.8 per cent (estimated)

Estimated percentage-point change (2013-2018): Minus 10.5 per cent

Overall rank in drop in debt relative to GDP: 3

Singapore, which has a gross domestic product of $327.55 billion, is projected to see its debt fall to 107.8 per cent of GDP.

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Countries that will see biggest decline in debt

Italy

Government debt as a percentage of GDP (2013): 123.0 per cent (estimated)

Government debt as a percentage of GDP (2018): 132.3 per cent (estimated)

Estimated percentage-point change (2013-2018): Minus 9.3 per cent

Overall rank in drop in debt relative to GDP: 4

Italy, which has a gross domestic product of $1.80 trillion, is projected to see its debt fall to 132.3 per cent of GDP.

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Countries that will see biggest decline in debt

Belgium

Government debt as a percentage of GDP (2013): 92.1 per cent (estimated)

Government debt as a percentage of GDP (2018): 100.9 per cent (estimated)

Estimated percentage-point change (2013-2018): Minus 8.8 per cent

Overall rank in drop in debt relative to GDP: 5

Belgium, which has a gross domestic product of $420.30 billion, is projected to see its debt fall to 100.9 per cent of GDP.

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Countries that will see biggest decline in debt

Portugal

Government debt as a percentage of GDP (2013): 116.0 per cent (estimated)

Government debt as a percentage of GDP (2018): 123.6 per cent (estimated)

Estimated percentage-point change (2013-2018): Minus 7.7 per cent

Overall rank in drop in debt relative to GDP: 6

Portugal, which has a gross domestic product of $243.34 billion, is projected to see its debt fall to 123.6 per cent of GDP.

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Countries that will see biggest decline in debt

Japan

Government debt as a percentage of GDP (2013): 241.1 per cent (estimated)

Government debt as a percentage of GDP (2018): 243.5 per cent (estimated)

Estimated percentage-point change (2013-2018): Minus 2.4 per cent

Overall rank in drop in debt relative to GDP: 7

Japan, which has a gross domestic product of $4.72 trillion, is projected to see its debt fall to 243.5 per cent of GDP.

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Countries that will see biggest decline in debt

United States

Government debt as a percentage of GDP (2013): 105.7 per cent (estimated)

Government debt as a percentage of GDP (2018): 106.0 per cent (estimated)

Estimated percentage-point change (2013-2018): Minus 0.3 per cent

Overall rank in drop in debt relative to GDP: 8

United States, which has a gross domestic product of $16.72 trillion, is projected to see its debt fall to 106.0 per cent of GDP.

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Countries that will see biggest decline in debt

Egypt

Government debt as a percentage of GDP (2013): 100.3 per cent (estimated)

Government debt as a percentage of GDP (2018): 89.5 per cent (estimated)

Estimated percentage-point change (2013-2018): 10.8 per cent

Overall rank in drop in debt relative to GDP: 9

Egypt, which has a gross domestic product of $559.84 billion, is projected to see its debt fall to 89.5 per cent of GDP.

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Countries that will see biggest decline in debt

Spain

Government debt as a percentage of GDP (2013): 105.1 per cent (estimated)

Government debt as a percentage of GDP (2018): 93.7 per cent (estimated)

Estimated percentage-point change (2013-2018): 11.4 per cent

Overall rank in drop in debt relative to GDP: 10

Spain, which has a gross domestic product of $1.38 trillion, is projected to see its debt fall to 93.7 per cent of GDP.